The price-to-earnings ratio for Nokia Corp ADR (NYSE: NOK) is above average at 58.62x, Company’s 36-month beta value is 1.13.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for NOK is 5.50B, and currently, short sellers hold a 0.87% ratio of that floaft. The average trading volume of NOK on October 11, 2024 was 16.80M shares.
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NOK) stock’s latest price update
Nokia Corp ADR (NYSE: NOK)’s stock price has gone decline by -0.57 in comparison to its previous close of 4.41, however, the company has experienced a 0.80% increase in its stock price over the last five trading days. globenewswire.com reported 2024-10-10 that Nokia CorporationStock Exchange Release10 October 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 10.10.2024 Espoo, Finland – On 10 October 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 1,175,833 4.07 CEUX 783,381 4.06 BATE – – AQEU – – TQEX – – Total 1,959,214 4.07 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024.
NOK’s Market Performance
NOK’s stock has risen by 0.80% in the past week, with a monthly rise of 4.40% and a quarterly rise of 11.86%. The volatility ratio for the week is 1.34% while the volatility levels for the last 30 days are 1.64% for Nokia Corp ADR The simple moving average for the past 20 days is 1.12% for NOK’s stock, with a 15.62% simple moving average for the past 200 days.
NOK Trading at 4.47% from the 50-Day Moving Average
After a stumble in the market that brought NOK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.99% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.34%, as shares surge +4.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.01% upper at present.
During the last 5 trading sessions, NOK rose by +0.80%, which changed the moving average for the period of 200-days by +30.90% in comparison to the 20-day moving average, which settled at $4.34. In addition, Nokia Corp ADR saw 28.21% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NOK
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.43 for the gross margin
The net margin for Nokia Corp ADR stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 4.23, with 2.24 for asset returns.
Based on Nokia Corp ADR (NOK), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.8. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 24.09.
Currently, EBITDA for the company is 3.23 billion with net debt to EBITDA at -0.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 3.52for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
In a nutshell, Nokia Corp ADR (NOK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
